3 story, 2 bed, 2.5 bath Free standing Condo. Located in the highly
sought after gated Edgewick Community. Modern open floor plan with
tons of natural lighting. Spacious primary bedroom features high
ceilings, walking closet., and a large bathroom with, an ample walk
in shower. Secondary bed features a closet organization system, a
dedicated bath with a tub and shower. This condo offers 2
balconies, a small fenced yard maintained by the HOA, an open space
on the 3rd floor ideal for a reading nook or work from home area.
Owners will have 1 garage parking space, 1 driveway, and access to
6 shared spaces on the same street. Garage has a walking storage
closet. It includes a high efficiency stacked washer/dryer and
upgraded appliances.Hardwood flooring throughout open area, tile in
bathrooms, & carpet in bedrooms and stairs. Ecobee smart
thermostats already installed, and the space is ready for Google
Fiber or other high speed internet providers. Pre-wired security
sensors on all doors and openable windows with optional
professional monitoring available through Austin Central Security.
This unit is pet friendly, steps away from the community dog park.
Conveniently located a Only .5 miles from Mabel Davis Park and a
short drive to SoCo, Downtown, Zilker Park, and Lady Bird Lake.
Easy access to I-35 and 71. Public bus stops are located
within a walking distance. The HOA covers the yard
maintenance, sprinkler, exterior insurance, and common grounds
maintenance. The grass has been enhanced.
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
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